4 ms·
Outside of the tech echo chamber, selling a profitable business that isn't integrating well with your core direction is pretty common. Jack Welch of GE was famo
by raganwald 14y ago
Outside of the tech echo chamber, selling a profitable business that isn't integrating well with your core direction is pretty common. Jack Welch of GE was famous for selling off any business that wasn't--or couldn't quickly become--#1 or #2 in its market, no matter how much cash it was throwing off.
You're doing well if you're creating new businessses, trying them out, closing the losers, keeping the winners, and selling off the decent-but-not-fabulous rump to other people who can make them even more profitable.